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Wells Fargo former Chairman and CEO John Stumpf has agreed to pay a fine of $17.5 million and accept a lifetime ban from the banking industry in a settlement the Office of the Comptroller of the Currency announced Thursday.

Two other former C-suite executives of the San Francisco bank also settled and were fined. Hope Hardison, Wells Fargo’s (NYSE: WFC) former chief administrative officer and director of corporate human resources, agreed to pay a fine of $2.25 million and a personal cease and desist order that requires her to refrain from certain conduct in the futu...

When you pay state and local taxes, parking fees and other payments to your regional government, chances are those funds will almost immediately end up in a corporate bank.

For instance, until recently the majority of these payments to the city of Los Angeles were held by Wells Fargo, a bank that has routinely paid out millions of dollars in fines and settlements due to predatory lending, foreclosure abuses and defrauding investors. Although the Los Angeles City Council voted in December 2017 to divest from Wells Fargo, the city must still use the banking services o...

Gov. Gavin Newsom proposed Wednesday to spend California’s share of a national mortgage settlement on legal assistance for struggling homeowners and renters, funds that lawmakers illegally diverted in 2014 to help erase the state’s budget deficit.

The governor’s announcement of the effort at an event in Los Angeles came as a surprise to the community groups that sued the state, who said they had wanted to help craft plans for the money. And the leader of one group remained worried skeptical that the money would be used as promised.

Newsom unveiled the broad outlines...

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